Revenue recognition, Contract Val 100000, Contract period 4 years, Actual cost 1st year 20000, Estimated cost 80000, PC certified 20000 PC certified 20000, can you answer the question below?

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Does the percentage completion method give an accurate profit and loss statement...
Posted by:
Mohammed Azimooddin Karajagi
27-November-2014

What revenue for first year to book ,if we use percentage completion method revenue will be0 for first year , but since pc certified by client is only0 for1st year how to prove auditors revenue

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Question ajoutée par Shanavas Vattaparambil , Accountant , Al futtaim tarmac
Date de publication: 2016/04/29

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Revenue recognition, Contract Val 100000, Contract period 4 years, Actual cost 1st year 20000, Estimated cost 80000, PC certified 20000 PC certified 20000, can you answer the question below?

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